Question

50. The expression of the equality of an entity's assets with the claims against them is
referred to as the:
A. Accounting Equation
B. Accounting Transaction
C. Bookkeeping
D. None of these​

Answer 1

Answer:

The expression of the equality of an entity's assets with the claims against them is referred to as the accounting equation." It should be remembered that the two sides of the equation are always equal because these two sides are merely two views of the same business resources.